×
91 498
Fashion Jobs
LEVI'S
Production Planning Manager, Digital dc
Permanent · Hebron
LEVI'S
Operations Manager, Digital dc
Permanent · Hebron
L'OREAL GROUP
Outside Sales Representative - Everett, wa
Permanent · Seattle
L'OREAL GROUP
Account Executive - Sales
Permanent · St. Louis
L'OREAL GROUP
Associate Principal Engineer/Manager - Packaging
Permanent · Clark
JCREW
Assistant Production Manager - Wovens
Permanent · New York
JCREW
sr. Art Director
Permanent · New York
VF CORPORATION
Dickies sr. Manager, Retention Marketing
Permanent · Fort Worth
ALL SAINTS
Third Shift Supervisor - Bolingbrook Distribution Centre
Permanent · Bolingbrook
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Deerbrook
Permanent · Humble
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Clinton Crossing Premium Outlet
Permanent · Clinton
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Clinton Crossing Premium Outlet
Permanent · Clinton
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Aventura
Permanent · Aventura
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Gardens
Permanent · Palm Beach Gardens
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Garden State
Permanent · Paramus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Park City Outlet
Permanent · Park City
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Grapevine Mills Outlet
Permanent · Grapevine
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Brandon Town Center
Permanent · Brandon
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Burlington
Permanent · Burlington
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Polaris Fashion Place
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Westfarms
Permanent · West Hartford
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Hanes
Permanent · Winston-Salem
By
Reuters
Published
Apr 30, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shopify raises FY forecast on demand for e-commerce tools; shares surge

By
Reuters
Published
Apr 30, 2019

Shopify Inc raised its 2019 earnings forecast and posted a surprise quarterly profit on Tuesday on strong demand for its software that helps retailers sell goods online, sending its shares up 7 percent to a record high.




The company has stepped up its spending to stay ahead in a competitive market by launching a new line of point-of-sale hardware and plans to roll out Shopify Pay to rival Alphabet Inc’s Google Pay and Apple Inc’s payments services.

Shopify, founded a little over a decade ago as an online store to sell snowboard equipment, makes its money by charging online merchants a monthly fee for using its technology and helping them run their online businesses.

The company, which counts Kylie cosmetics, Nestle SA and Unilever Plc among its 800,000 customers, also hopes to boost its merchant database under its premium “Shopify Plus” offering.

The Ottawa-based company said it now expects full-year adjusted operating income of $20 million to $30 million, above the $10 million to $20 million it forecast earlier.

Revenue is expected in the range of $1.48 billion to $1.50 billion, also above the $1.46 billion to $1.48 billion it estimated earlier.

However, net loss widened to $24.1 million from $15.9 million a year earlier, as costs surged 50 percent to $216.1 million.

Excluding items, the company earned 9 cents per share, compared with a loss of 5 cents estimated by analysts, according to IBES data from Refinitiv.

Revenue for the quarter rose to $320.5 million, beating estimates of $309.4 million.

© Thomson Reuters 2022 All rights reserved.